Herc SVP receives stock awards, withholds shares for tax
Herc Holdings SVP & Chief Legal Officer Samuel Wade Sheek reported equity compensation and tax withholdings in company stock.
Rhea-AI Filing Summary
Herc Holdings SVP & Chief Legal Officer Samuel Wade Sheek reported equity compensation and tax withholdings in company stock. On February 3, 2026, he received 4,220 restricted stock units, which vest in three equal installments each February 3 of 2027, 2028 and 2029.
He also earned 2,069 performance stock units under the 2018 Omnibus Plan, tied to performance periods ending in February 2027 and February 2028. In addition, 1,834 shares were issued upon certification of a completed three‑year performance period, and 924 shares were withheld at $154.03 per share to cover taxes. After these transactions, he directly owned 30,723 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,220 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 2,069 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,834 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 705 | $154.03 | $109K |
| Exercise Price or Tax Liability | Common Stock | 219 | $154.03 | $34K |
Footnotes (5)
- F1. Award of restricted stock units ("RSUs"), each of which represents the right to receive one share of the Issuer's common stock on the applicable vesting date (one-third of the RSUs will vest on February 3 of each of 2027, 2028 and 2029), subject to the terms and conditions of the applicable RSU agreement.
- F2. Represents performance stock units ("PSUs") earned, but not vested, pursuant to outstanding performance stock unit awards granted under the 2018 Herc Holdings Omnibus Plan. The number of PSUs earned was determined based on the achievement of the performance metrics established by the Compensation Committee for the applicable annual measurement period. The earned PSUs will vest and convert into shares of common stock at the end of the applicable 3-year performance period, which is February 2027 for 1,207 shares and February 2028 for 862 shares.
- F3. Shares issued related to performance stock units for which the three-year performance period has ended and performance has been certified.
- F4. Shares withheld for taxes upon vesting of performance stock units, for which performance was previously certified.
- F5. Shares withheld for taxes upon vesting of previously granted restricted stock units.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did HRI SVP Samuel Wade Sheek report on February 3, 2026?
How many restricted stock units did HRI grant to Samuel Wade Sheek?
What performance stock units (PSUs) were earned by the HRI SVP in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.